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Post Reply Mark Zuckerberg donating 99% of his Facebook shares
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Posted 12/1/15
http://mobile.reuters.com/article/idUSKBN0TK5UG20151202


Mark Zuckerberg will put 99 percent of his Facebook Inc (FB.O) shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter.

The plan, which was posted on the Facebook founder and chief executive officer's page and has attracted more than 360,000 'likes', follows other high-profile billionaires such as Warren Buffett and Bill and Melinda Gates, who have set up foundations to dedicate their massive fortunes to philanthropic endeavors.

Zuckerberg, 31, who will control the new initiative and remain in charge of the world's largest online social network, said he would sell or give up to $1 billion in shares in each of the next three years.


What do you guys think?

The word "huge" doesn't even begin to describe the amount of money he's giving up. He's still so young, too. I wonder why he's in such a hurry.
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Posted 12/1/15 , edited 12/1/15
Probably trying to leave his "mark" in history.
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Posted 12/1/15 , edited 12/1/15
If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.
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Posted 12/1/15 , edited 12/1/15

dotsforlife wrote:

Probably trying to leave his "mark" in history.




Even so, it's a little unusual seeing a billionaire doing something like this so early in their life.
Posted 12/1/15
1% of 7 bajillion is still 6 billin
Posted 12/1/15 , edited 12/1/15
Read about this earlier today, I think that's good of him.
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Posted 12/1/15 , edited 12/2/15
I mean good for him but I'm not going to praise him.
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Posted 12/1/15 , edited 12/2/15
that's pretty generous of him :p


biscuitnote wrote:If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.


giving such a large sum to someone who's not competent enough to handle that much money would be a horrible, horrible idea.
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Posted 12/1/15
That is good of him. I look forward to see if it goes in the right direction. From what he is donating too right now, it seems it will.
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Posted 12/1/15

namealreadytaken wrote:

that's pretty generous of him :p


biscuitnote wrote:If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.


giving such a large sum to someone who's not competent enough to handle that much money would be a horrible, horrible idea.


Not necessarily
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Posted 12/1/15 , edited 12/1/15

biscuitnote wrote:


namealreadytaken wrote:

that's pretty generous of him :p


biscuitnote wrote:If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.


giving such a large sum to someone who's not competent enough to handle that much money would be a horrible, horrible idea.


Not necessarily


ok. it's a horrible, horrible idea 99.99% of the time.
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Posted 12/1/15

namealreadytaken wrote:


biscuitnote wrote:


namealreadytaken wrote:

that's pretty generous of him :p


biscuitnote wrote:If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.


giving such a large sum to someone who's not competent enough to handle that much money would be a horrible, horrible idea.


Not necessarily


ok. it's a horrible, horrible idea 99.99% of the time.


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Posted 12/1/15 , edited 12/2/15

biscuitnote wrote:

If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.


He's giving away 99% of his fb stock, not his entire fortune. Zuckerberg will still very much be a billionaire afterwards, even if his portfolio shrinks.
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Posted 12/1/15 , edited 12/2/15
Call me when he gives away 99% of his BANK ACCOUNT BALANCES
Posted 12/1/15
> Creates something free.
>> Becomes a billionaire.
>>> Gives away all his shit.
>>>> Is still called an asshole.
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